According to the Section 2 (28) of the Companies Act 1956, “Memorandum means the memorandum of association (MOA) of the company as originally framed or as altered from time to time in pursuance with any of the previous companies law or the Companies Act, 1956.” Essentially, MOA is a document that contains all the information that is required to register a company. It is also called the Charter or Constitution of the Company. Articles of Association (AOA) is a document that contains rules and regulations that are used to govern the company. AOA defines objectives of the company and charts out how issues like appointment of directors, duties and powers of the top brass, borrowing capacities and voting powers will be handled.
Major Difference Between MOA and AOA
The following table lists major differences between Memorandum of Association (MOA) and Articles of Association (AOA): So, these were the definitions of Memorandum of Association and Articles of Association. We also highlighted major differences between MOA and AOA. We hope that this article was useful in clearing your doubts. Should you have any questions, you may use the comments area given below. TechWelkin Team and our reader community will try to help you. Thank you for using TechWelkin!
